Jared Smith
What is the best refinancing option?
So I am looking to cash out refinance one of my homes in AZ. I owe 160k at 5.75% over 29 more yrs. and the purchase price was 203k with payments of 1068/mo. Good news is that my home appreciated in value and the inter...
Vinnie Da silva
DSCR ( Debt Service Coverage Ratio ) - Investor Loan
As an investor and lender, I see that a lot of people are not familiar with DSCR loan. Its a great program, specially self-employed people, which often find it difficult to get qualified for a mortgage. So I decided t...
William Kyle Walker
Keeping one property alive with the profits from another
Hi Bp,
it's been a while since I asked a question.
My question is, if I have a fund with let's say 10 LLCs that hold one property each. If one of those properties starts to become low in occupancy and can no lo...
Lin Ding
How to fund a 8-unit Apartment Building
Hi BP investors,Out of excitement and also confusion, I decided to post about this new "treasure" I found. I found an 8-unit multifamily building that's for sale. It first got me excited because of its great location....
Josh Pass
Taxes on selling properties for the same amount I bought them for
hi, I bought three properties 1+ years ago through a turn key company. It hasn’t worked out as I’ve liked so the turn key provider offered to buy them back from me for the same amount that I bought them for. This ac...
Steve Smithy
1031 replacement property mortgage: conventional or commercial?
Do I need to use a commercial mortgage/note to buy a replacement property on a 1031 exchange?I sold a property, used a 1031 qualified intermediary to hold the funds, and now I want to buy the replacement property. I ...
Account Closed
Backyard RV live-in so I can airbnb my 1br house???
Hi BP! I have just woken up to the idea that I am procrastinating! I want to invest in rental properties to gain financial freedom but I am burdened with about $35000 of debt (1BR house included of $23000). I have alw...
Alex Failaev
Cash or cashflow? How high of a debt burden would you take?
I got a good question from a friend, and thought I'll share my perspective. Long post warning :) But, it worth reading! Also, feel free to comment and let me know what your thoughts or other perspective!Cash or cashfl...
Louis Zameryka
Advice Needed House hack in my parents muliti family home?
Here’s a situation that one of my relatives is in.If anyone has advice or experience I’d appreciate it. I have a family member that is in a bad spot. They have personal loans, heloc, and mortgage they cannot pay based...
Helen Brennick
I'm new to the BRRR method and am anxious to try it out.
I would like to buy a house or multi family dwelling near Sulphur Springs, Texas, which is located east of Dallas.I'm nervous to try to get a loan with 3.5% down. Any suggestions?